Analysts Set Bazaarvoice Inc (BV) Price Target at $21.10

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Shares of Bazaarvoice Inc (NASDAQ:BV) have been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.10.

A number of analysts recently commented on BV shares. Goldman Sachs Group started coverage on shares of Bazaarvoice in a report on Monday, July 23rd. They issued a “buy” rating and a $26.00 target price on the stock. Stifel Nicolaus started coverage on shares of Bazaarvoice in a report on Monday, July 23rd. They issued a “buy” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Bazaarvoice in a report on Monday, July 23rd. They issued an “overweight” rating and a $28.00 target price on the stock. Jefferies Financial Group began coverage on shares of Bazaarvoice in a report on Monday, July 23rd. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Royal Bank of Canada began coverage on shares of Bazaarvoice in a research report on Monday, July 23rd. They issued an “outperform” rating and a $26.00 target price on the stock.

Hedge funds have recently bought and sold shares of the business. Peregrine Capital Management LLC acquired a new stake in shares of Bazaarvoice in the second quarter worth $7,239,000. Fred Alger Management Inc. acquired a new stake in shares of Bazaarvoice in the second quarter worth $4,413,000. Finally, Putnam Investments LLC acquired a new stake in shares of Bazaarvoice in the second quarter worth $2,845,000. 78.35% of the stock is owned by institutional investors.

Shares of BV stock traded up $0.17 during midday trading on Friday, reaching $14.21. 427,012 shares of the company were exchanged, compared to its average volume of 618,512. Bazaarvoice has a 12 month low of $13.69 and a 12 month high of $23.42.

Bazaarvoice (NASDAQ:BV) last released its earnings results on Wednesday, August 8th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Bazaarvoice had a negative net margin of 0.10% and a negative return on equity of 0.12%. The business had revenue of $630.33 million for the quarter, compared to the consensus estimate of $634.53 million. On average, research analysts expect that Bazaarvoice will post -0.08 EPS for the current year.

About Bazaarvoice

Bazaarvoice, Inc offers solutions and services that allow its retailer and brand clients to understand that consumer voice and the role it plays in influencing purchasing decisions, both online and offline. The Company’s solutions collect, curate and display consumer-generated content, including ratings and reviews, questions and answers, customer stories, and social posts, photos and videos.

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Analyst Recommendations for Bazaarvoice (NASDAQ:BV)

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